Do You Own Zillow Common Stock?
Kehoe Law Firm, P.C. is investigating whether certain officers and directors of Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: Z, ZG) may have breached their fiduciary duties to Zillow in connection with Zillow’s February 2025 agreements with Redfin Corporation and whether Zillow and its shareholders suffered harm as a result.
What Is the Zillow Investigation About?
On September 30, 2025, the Federal Trade Commission (“FTC”) filed a complaint against Zillow and Redfin in the U.S. District Court for the Eastern District of Virginia, captioned Federal Trade Commission v. Zillow Group, Inc., Zillow, Inc., and Redfin Corporation, Case No. 1:25-cv-01638.
The complaint alleges that, on February 6, 2025, Zillow and Redfin entered into two agreements: the Partnership Agreement and the Content License Agreement. According to the complaint, under the Partnership Agreement, Zillow paid Redfin $100 million “to stop competing, facilitate the transition of the bulk of its multifamily rental advertising business to Zillow, and shut down the remainder.”
The complaint further alleges that under the Content License Agreement, Redfin agreed “to stay out of the market for up to 9 years and to use its network to show only rental listings that are also displayed on Zillow’s sites.” The FTC alleges that the agreement “will result in reduced choice, higher prices, and reduced quality for multifamily rental advertising customers.”
The FTC alleges that the Zillow-Redfin agreement violates Section 1 of the Sherman Act and thus constitutes an unfair method of competition in violation of Section 5 of the FTC Act. The FTC also alleges that Zillow’s acquisition of certain Redfin assets violates Section 7 of the Clayton Act because it may substantially lessen competition in the relevant markets for internet listing services (“ILS”) advertising, and that the agreements constitute an unfair method of competition in violation of Section 5 of the FTC Act.
On August 24, 2026, the FTC announced that it and five states notified the court that they would file a stipulated order to resolve the litigation. According to the FTC, the proposed order requires Zillow and Redfin to amend their agreement, removes restrictions on Redfin’s ability to compete independently in the ILS advertising market, and requires Redfin to restart its ILS rental advertising business within six months after the order is finalized.
Why Does This Matter to Zillow Shareholders?
Kehoe Law Firm is investigating whether certain Zillow officers and directors breached their fiduciary duties to the Company in connection with the agreements with Redfin and whether Zillow suffered harm as a result.
Zillow Shareholders: Contact Kehoe Law Firm
If you own Zillow common stock, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to learn more about the investigation and your potential legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
There is no cost or obligation to speak with the firm, and there are no upfront fees or litigation costs. We handle class action matters on a contingency-fee basis. Any attorneys’ fees or expenses sought in connection with a recovery are subject to court approval.
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